Yorkshire Building Society contractor mortgages
Yorkshire Building Society is one of the UK’s largest building societies — a member-owned mutual — and the parent of intermediary-only lender Accord, giving it two routes to contractor cases.
Can a contractor get a Yorkshire Building Society mortgage?
Yes. The society accepts contractor cases through intermediaries and can work from what your contract pays rather than from your accounts. Being a mutual, its criteria are its own and worth checking case by case.
As one of the UK’s largest mutuals it’s a mainstream option for many contractor profiles, and a sensible name to compare alongside the high-street banks.
How Yorkshire Building Society assesses contractor income
Through intermediaries, the society can gross up a contract day rate over the year rather than working from filed accounts. Umbrella and inside-IR35 income is assessed on its own basis, and a director drawing salary and dividends on another again. Which basis applies, along with the multiple and any minimums, is confirmed at the point the case is submitted.
An engineering contractor
Annualised (5 × 46): £96,600
Indicative borrowing at 4.5×: ≈ £434,700
An illustration. The society confirms the basis and the multiple at application.
Do contractors pay a higher rate with Yorkshire Building Society?
There is no surcharge for contract income. Rate follows loan-to-value, credit and the product selected — not how the income is earned. A clean case reaches the same pricing as a salaried applicant.
Yorkshire Building Society or Accord?
They’re part of the same group but lend under different brands — Yorkshire Building Society in its own right, and Accord exclusively through brokers. A whole-of-market broker can place your case with whichever fits your circumstances best, and compare both against the wider market.
A note on criteria
Yorkshire Building Society sets its own contractor criteria — income multiple, any minimum day rate or trading period, accepted contract types — and reviews them on its own schedule. Summaries elsewhere disagree with one another and date quickly. We would rather verify the live position for your case than commit a number to a web page.
Smart Mortgage Solutions is an independent, whole-of-market broker. We have no affiliation with Yorkshire Building Society and it does not endorse us; the society appears here only to describe lending we can arrange. Criteria are subject to change and confirmed at application.
Lenders we work with — a selection
Lender guides: Halifax · Barclays · HSBC · NatWest · Nationwide · Accord · Clydesdale · Yorkshire BS · Kensington See how we place cases →
Yorkshire Building Society contractor mortgages, answered
Can a contractor get a Yorkshire Building Society mortgage?+
Yes, through intermediaries. As a mutual, the society answers to its members rather than shareholders, but the practical point for you is the same as anywhere else: the case must reach underwriting that reads a contract properly. Whether it suits you depends on your profile and the rate available.
What’s the difference between Yorkshire BS and Accord?+
These can be assessed, though on a footing distinct from limited-company contract income, and confirmed at application. The gross contract value is what should be in front of the underwriter, not the reduced umbrella figure.
Does Yorkshire Building Society use the day-rate method?+
Where its criteria fit, the day rate can be annualised rather than the society working from your accounts. The multiple and any minimums are confirmed when the case goes in.
Will I pay more as a contractor?+
No. Rate depends on loan-to-value, credit and product — not on being self-employed or contracting. A clean case reaches the same pricing as an employed applicant.
Should I apply directly or through a broker?+
A broker is the safer route. Direct applications risk a generic self-employed assessment that reads your income from the wrong figure, and a decline leaves a credit footprint. We present the case properly and weigh the society against other options.